Guideline Value for Ambross Street (660/1to 3,661,662/1to5 )

Ambross street (660/1to 3,661,662/1to5 ) guideline value

The current guideline value of Ambross street (660/1to 3,661,662/1to5 ) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kolapalore village and falls under the Gobichettipalayam Joint I SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ambross street (660/1to 3,661,662/1to5 ) has changed

The guideline value for Ambross street has seen several revisions over the years. In 2007, the value was Rs 66 per sq.ft, which increased to Rs 150 per sq.ft in 2012, marking a rise of 127%. However, from 2012 to 2017, the value decreased to Rs 100 per sq.ft, reflecting a decline of 33%. The value then increased significantly to Rs 200 per sq.ft in 2023, representing a 100% rise. As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for Ambross street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 203%.

Guideline values in Kolapalore

In Kolapalore, there are 67 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Ambross street's 2024 figure is equal to this median.

• Amman Kovil Pathi (307,396/8,397/2, 400/1to 4): Rs 200 per sq.ft (2024)
• Amman Nagar: Rs 200 per sq.ft (2024)
• Angampalayam Street (106/1a,1b): Rs 200 per sq.ft (2024)
• Aasaraiyar Street (508/4): Rs 200 per sq.ft (2024)
• Arasappan Street (595/1to9,566/9,572/1to19,21): Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambross street (660/1to 3,661,662/1to5 )

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambross street (660/1to 3,661,662/1to5 )?

The Sub Registrar Office that covers Ambross street is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kolapalore

The guideline value is a critical factor in property transactions in Kolapalore. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. This ensures that the transaction is recorded at a value recognized by the government, which helps in maintaining transparency in property dealings.

When a buyer or seller approaches the registration office, the guideline value will be referenced to determine the applicable fees. This value is crucial for ensuring that both parties are aware of the financial implications of the transaction, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Ambross street?

The current guideline value of Ambross street (660/1to 3,661,662/1to5 ) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 66 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, showing an overall increase of 203% over the years.

What is the land classification for Ambross street?

Ambross street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in Ambross street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 18,000, based on the current guideline value of Rs 2,00,000.

Which office handles property registrations for Ambross street?

The Gobichettipalayam Joint I Sub Registrar Office handles property registrations for Ambross street, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.